GMC Parking

(Garage Management Company)

People:

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GMC Parking portfolio

$29 million* – office 53%, industrial 46%; Manhattan 100%, Bronx 0%

1351th largest portfolio by dollar value

102,196 sqft – industrial 66%, office 33%;

1904th largest by SF

4 properties – Manhattan 100%, Bronx 0%

1829th largest

Company Activity past 24 months:

Borrower company: 1 for $12.5 million

Top Ten Associated Companies:

Ronald Perelman (2), Apple Bank (1)

Top Ten Associated People:

Jeffrey Brodsky (2), Cynthia Wang (1)

Recent activity as company:

GMC Parking borrowed $12.5 million from Apple Bank for 231-239 East 94th Street and 241-243 East 94th Street, Yorkville, Manhattan on July 25, 2024.

Ronald Perelman sold 39 East 62nd Street, Lenox Hill, Manhattan for $10 million to GMC Parking on April 22, 2021.

Ronald Perelman sold 35 East 62nd Street, Lenox Hill, Manhattan for $25 million to GMC Parking on April 22, 2021.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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